Bourbon Sees Strong Growth

Wednesday, August 09, 2006
Bourbon’s first half revenues totaled $445m, up 14.6 percent compared with the same period in 2005. The Offshore Division, which is the beneficiary of the largest portion of Bourbon’s investments within the Horizon 2010 plan ($1.6b), remains the growth driver for the company. Revenues for the Offshore Division rose 32.4 percent, or 27.1 percent at constant exchange rates, over the same period in 2005. This growth reflects the implementation of the 2003-2007 plan and was driven in the first half by the delivery of 15 new vessels (six supply vessels and nine crewboats). In addition, two vessels were chartered to meet the needs of our customers. In the Africa zone, which benefited from the largest number of new vessels commissioned, growth rose to 45.7 percent over the same period in 2005. In addition, the Offshore Division initiated its expansion in Asia. Growth in the Offshore Division should continue in the second half. In accordance with the plan, deliveries of new vessels will increase the fleet dedicated to modern offshore with the commissioning of new-generation, innovative vessels offering high productivity. Revenues for the Bulk Division will continue to be influenced by the level of cargo rates.
Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Stena Sonangol Suezmax Pool Rings in 10 Years

Stena Sonangol Suezmax Pool celebrates 10 years of collaboration and trading.   The 10th anniversary celebrations took place in London on May 20. Today on May 26 it is Houston’s turn and,

UNOLS Seeks Fleet Improvement Committee Chair

The University-National Oceanographic Laboratory System (UNOLS) informs it is seeking nominations to fill a Fleet Improvement Committee (FIC) Chair position.   The position,

Former Petrobras Exec Sentenced to 5 Years Jail

A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1354 sec (7 req/sec)